Industry-owned, vendor-neutral access to 300+ catastrophe models from ~20 independent providers. Built by the market, for the market.
Adaptive experiences based on user behavior and preferences
Operating as a non-profit company, we’re focused on delivering efficient service rather than maximising profit.
Our mission is simple: preserve choice and independence in catastrophe modelling through a platform controlled by its users.
The Business Case
Model uncertainty often exceeds natural catastrophe uncertainty at the tail — exactly where capital requirements are set. Multi-model approaches provide intelligence about where risks are poorly understood and where competitive advantage can be gained.
Sophisticated underwriting enabled by multi-model approaches delivers substantial advantages in loss ratio performance — worth tens of millions annually for mid-sized insurers.
- Oasis LMF Framework
- AWS Cloud Infrastructure
- fourTheorem SaaS Provider
- Moody's IRP Integration
Oasis SaaS is supported by major players who recognise the importance of independent, vendor-neutral catastrophe modelling.
Who can be a member of Oasis SaaS Ltd?
To ensure independence, members will be the prime users of the service — initially from re/insurance companies and brokers who will pay an annual subscription fee. A selection of members will be invited to become directors and board members of Oasis SaaS Ltd.
Will users be able to access Oasis SaaS directly?
Initially users will access only via Moody’s Intelligent Risk Platform (IRP) — although access will not ultimately be limited to only IRP. A service contract with Oasis SaaS is always required to initiate access to Oasis-based models through Moody’s.
How can you be sure that Oasis SaaS remains independent?
Company members would have to agree to any acquisition, and members will be comprised of people and represent entities for whom an acquisition would have no benefit — the model users themselves. This structure makes independence self-reinforcing.
Why is Oasis SaaS set up as a non-profit?
The aim is to provide an efficient service, fulfilling the mission of giving as many organisations as possible a choice of Oasis-based models. While the service must be sustainable, the primary goal is not profit — and so the corporate structure reflects this. This means costs can remain focused on service delivery, not shareholder returns.
Can customers license models through Moody's or Oasis SaaS or directly with each vendor?
Customers will not be able to license Oasis-based models through Moody’s directly. A service contract with Oasis SaaS is always required. Once in place, customers can choose to license models either via Oasis SaaS or directly with the model vendor — the choice is yours.